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Strategy

  • Wakefern goes in-house for new tech chief

    Wakefern Food Corp. has named executive Cheryl Williams as its new CIO and VP of the computer information services division.

  • Consumer confidence slips in February

    Consumer confidence fell into a slump in February, driven largely by a less optimistic view of business conditions.

    According to the Conference Board, the index currently stands at 92.2, down from 97.8 in January.

  • Lowe's goes high with growth in 2015

    Lowe's rode the same wave of recovery in the housing market as its rival Home Depot in the fourth quarter, topping its own expectations with substantial gains.

  • TJX results show where consumers are spending

    Off-price giant The TJX Companies attracted record numbers of bargain-hungry shoppers during the holiday period as the retailer reported record sales and profit sales for the fourth quarter.

    For the period ended Jan. 30, net sales at TJX Cos. increased 8% to $8.96 billion, and same-store sales increased 6%.

    Net income rose 2.8% to $666.5 million and diluted earnings per share were 99 cents, a 6% increase over the prior year’s 93 cents. Both income and sales exceeded expectations.

  • Heidenberg Properties celebrates Southport's silver anniversary

    Shirley, N.Y. -- Heidenberg Properties announced that its Southport Shopping Center, located in Shirley, New York, marks its 25th anniversary. The center is 100% leased, anchored by Marshalls, Petland and Kohl's.

    The center first opened to the public in 1990 with original anchors Caldor and Waldbaum's. Over the years, the retail mix has evolved and the center has expanded from 207,000 to 299,000 sq. ft. The first major expansion was the addition of a 33,000 square foot Sears Hardware in 1998.

  • Sara Spicklemire joins CBRE as senior VP

    Chicago -- CBRE announced that Sara Spicklemire has joined the firm as a SVP of its agency leasing team.

  • Mid-America Real Estate hires Eric Unatin as VP

    Bloomfield Hills, Mich. -- Mid-America Real Estate announced the addition of Eric Unatin to its brokerage team. In his new position as VP, Unatin will be specializing in landlord and tenant representation throughout the state of Michigan.

  • Online marketplace Etsy outlines path to profitability

    Etsy’s goal of “reimagining commerce,” is a long-term proposition, which explains why after the company lost money again in the fourth quarter it tempered the news with a rosy three year sales and profit forecast.

  • Target is winning back shoppers, especially online

    Brian Cornell says Target's fifth consecutive quarter of traffic growth is evidence that the retailer is making good progress on itsomnichannel capacity improvements.

    For the fourth quarter ended Jan. 30, same-store sales at Target increased 1.9%, driven by traffic growth of 1.3%. This is Target's sixth consecutive quarter of rising same store sales.

  • Macy's expanding beauty, discount chains

    Macy’s says cold weather in January helped the retailer report a better than expected decrease in same store sales for the fourth quarter even as the company explores an expansion of its off-price and beauty formats.

    For the period ended Jan. 30, same store sales fell 4.3%, slightly less than the 4.7% fall it had estimated. Total sales declined to $8.87 billion.

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